Listen To Sam Zell, And You'll Finally Understand Mitt Romney's Economic Planhttp://www.businessinsider.com/sam-zell-explains-mitt-romneys-economic-viewpoints-2012-10/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 18 Feb 2018 00:17:18 -0500Joe Weisenthalhttp://www.businessinsider.com/c/506c5c02ecad04a54d000009Michael SilvaWed, 03 Oct 2012 11:38:42 -0400http://www.businessinsider.com/c/506c5c02ecad04a54d000009
What are Some Naturally Occurring Sources of Pollution?
•Microorganisms: Bacteria, viruses, parasites and other microorganisms are sometimes found in water. Shallow wells — those with water close to ground level — are at most risk. Runoff, or water flowing over the land surface, may pick up these pollutants from wildlife and soils. This is often the case after flooding. Some of these organisms can cause a variety of illnesses. Symptoms include nausea and diarrhea. These can occur shortly after drinking contaminated water. The effects could be short-term yet severe (similar to food poisoning) or might recur frequently or develop slowly over a long time.
•Radionuclides: Radionuclides are radioactive elements such as uranium and radium. They may be present in underlying rock and ground water
•Radon: Radon isa gas that is a natural product of the breakdown of uranium in the soil — can also pose a threat. Radon is most dangerous when inhaled and contributes to lung cancer. Although soil is the primary source, using household water containing Radon contributes to elevated indoor Radon levels. Radon is less dangerous when consumed in water, but remains a risk to health.
•Nitrates and Nitrites: Although high nitrate levels are usually due to human activities (see below), they may be found naturally in ground water. They come from the breakdown of nitrogen compounds in the soil. Flowing ground water picks them up from the soil. Drinking large amounts of nitrates and nitrites is particularly threatening to infants (for example, when mixed in formula).
•Heavy Metals: Underground rocks and soils may contain arsenic, cadmium, chromium, lead, and selenium. However, these contaminants are not often found in household wells at dangerous levels from natural sources.
•Fluoride: Fluoride is helpful in dental health, so many water systems add small amounts to drinking water. However, excessive consumption of naturally occurring fluoride can damage bone tissue. High levels of fluoride occur naturally in some areas. It may discolor teeth, but this is not a health risk.
Also, these are not "small" shavings that are easily ingested. Thanks for helping me prove my point. Maybe I shouldn't have spent so much time in math and econ, but, it still doesn't make logical sense.http://www.businessinsider.com/c/506c337a69bedd134800000dedna66Wed, 03 Oct 2012 08:45:46 -0400http://www.businessinsider.com/c/506c337a69bedd134800000d
Why do rich guys always have to come off looking like douchebags? Can you say Trump? Geez, it's like Repubs think anyone receiving public assistance is a welfare queen, and Dems think anybody who's rich is a spoiled douchebag, and then that's what they go out and find to illustrate the narrative. There are so many people in the middle.http://www.businessinsider.com/c/506c148e6bb3f75424000009CatKinNYWed, 03 Oct 2012 06:33:50 -0400http://www.businessinsider.com/c/506c148e6bb3f75424000009
Exactly! But what the Zells of the world forget is that we're nearing the point where a majority recognize their status as serfs, thanks to remarks like Romney's and his own, at which point, us peasants, who completely run the US military, will dust off the guillotine. In Mr Zell's case, I will demand that he don a red pointy hat before we seperate his garden gnome head from his shoulders. I think Obama lost these douchebags when he reminded them, up front, that he was the only thing standing between them and the pitchforks. They've resented him for scaring them ever since.http://www.businessinsider.com/c/506bc19369bedde533000012Scott ZwartzWed, 03 Oct 2012 00:39:47 -0400http://www.businessinsider.com/c/506bc19369bedde533000012
You are right. In fact, a background in business is very bad preparation to be president. Businesses need people expert in micro-econ, but since the government is not a business, the President has to be an expert in macro-econ.
Unfortunately, Obama chose Geithner who is 1000 times the incompetent that Rumsfeld was.
Thus, we have the bizarre situation that Obama has been following a GOP economic plan which is why the economy is doing quite poorly and the GOP wants to do much more of the stuff which Geithner has proven is the wrong approach. Geithner has lead Obama to destroy any sane discussion of Fiscal Policy but endorsing all the right wing lunatic ideas, like the deficit is a problem. Oh, every so often Obama picks up a really dumb economic idea from the Left -- outsourcing jobs is not bad; a trade "imbalance" is not bad. Obama seems to have an instinct to believing every economic idiocy whether it comes from the right or the left.
Still Mitty and Ryan are worse -- hard to believe that anyone could eb worse, but Paul Ryan is actually dumber than Geithner.http://www.businessinsider.com/c/506ba456eab8ea743900001bSM McMahonTue, 02 Oct 2012 22:35:02 -0400http://www.businessinsider.com/c/506ba456eab8ea743900001b
Really? "Unleash" people like Zell???
I've met him. He is a troll in every sense of the word.http://www.businessinsider.com/c/506b9961ecad04045e000006BeaumuttTue, 02 Oct 2012 21:48:17 -0400http://www.businessinsider.com/c/506b9961ecad04045e000006
Sam Zell?? Why would anyone repeat the irritating noise coming out of that despicable, horrifying pile of feces that has been formed into a human shape by the devil himself..... He...No....IT.. is the embodiment of everything that is wrong with humanity. If there is a just God, I would hate to be Zell. He,xx, It better like warm climates.http://www.businessinsider.com/c/506b95ebeab8ea361d000003Derek KertonTue, 02 Oct 2012 21:33:31 -0400http://www.businessinsider.com/c/506b95ebeab8ea361d000003
Zell: "Why should I [play] if the game is being stacked against me?"
What!? When was the last time the game was stacked against this guy? Is he for real? Does he really think he's somehow scratched out a few bucks, despite swimming upstream, beating all the odds, and pulling all of us along on his coat-tails?
So, now the game is stacked against billionaires? Oh, and it's all stacked in favor of welfare moms, though, right Zell?
It's BS, even if he believes it himself. He WILL play the game, because the deck is stacked IN his favor, and it has been wildly successful for him to play thus far, will continue to be so, and sitting out would be idiotic.http://www.businessinsider.com/c/506b8cb06bb3f7331c000009vrptxTue, 02 Oct 2012 20:54:08 -0400http://www.businessinsider.com/c/506b8cb06bb3f7331c000009
This Oligarch is complaining and whining after Obama and the 47% taxes saved and propped up the stocked market keeping him from losing all his money and Obama did not go after the greedy bunch to prosecute the bad behavior and they now want to whine.....SOMEONE PLEASE GIVE THAT MAN SOME CHEESE.http://www.businessinsider.com/c/506b7337eab8ea8c4d00000aColin BlakeTue, 02 Oct 2012 19:05:27 -0400http://www.businessinsider.com/c/506b7337eab8ea8c4d00000a
mtic - Shill much?
Shill baby Shill....http://www.businessinsider.com/c/506b72d969beddf476000003Michael SilvaTue, 02 Oct 2012 19:03:53 -0400http://www.businessinsider.com/c/506b72d969beddf476000003
Not any more, too much liability.http://www.businessinsider.com/c/506b728069beddd876000015Michael SilvaTue, 02 Oct 2012 19:02:24 -0400http://www.businessinsider.com/c/506b728069beddd876000015
Wow, you took the kill them with kindness approach, very nice. You may not be seeing my point about so many different agencies and they all have their own regulations and rules. It is very frustrating. Only problem is that the county which we do business in is the only one that requires it. I can go 10 miles to the north or south, still be in the same state, and it's not required. My point is that neither knows why the other is doing something, just that it's their rules.
Yes, I understand that metal shaving can become air born, but if you've ever seen brake shavings, but, if you think about it, a lot of fine material can become air born and cause risk. Where do we draw the line? We seemed to survive quite a long time without so many mind blowing regulations. But, thank you for the link, believe it or not, I do understand what you’re saying.
Even I not be as highly ejukated as u, I do get sum of those chemikle problums and dos flamubl metils.http://www.businessinsider.com/c/506b6e606bb3f7d268000001DaedalusTue, 02 Oct 2012 18:44:48 -0400http://www.businessinsider.com/c/506b6e606bb3f7d268000001
Maybe if you had paid attention in your high school chemistry class, you might understand how metal shavings can be so much more dangerous than a solid hunk of metal. Or maybe you could just take a minute and google it. It's not hard. Hell, just think about it for a minute. It is possible to ingest or inhale metal shavings. I would be hard pressed to do the same to a whole brake rotor. Small metal filings are also highly flammable.
Educate yourself: <a href="http://cameochemicals.noaa.gov/chemical/19058" target="_blank">http://cameochemicals.noaa.gov/chemical/19058</a>
Seems to me a lot of these things that don't make sense to you would be helped if you just took the time to read into them.http://www.businessinsider.com/c/506b6cdcecad04fd0d00003ePrintus MaximusTue, 02 Oct 2012 18:38:20 -0400http://www.businessinsider.com/c/506b6cdcecad04fd0d00003e
" Like oil, did you know that before recyclers used to pay dealers for their used oil?"
My grandfather owned a gas station in the 1930's and my father used to tell me that they would sell the used oil which was then filtered and re-sold as furnace oil.
I was not aware that used oil was no longer at least a break-even proposition. When I was younger, and changed my own oil, a local gas station had an outdoor oil drum with a screen filter on it where you could dispose of your own oil 24/7. They would also take old lead-acid batteries for lead reclamation.http://www.businessinsider.com/c/506b6aa0eab8ea593b000009MikellTue, 02 Oct 2012 18:28:48 -0400http://www.businessinsider.com/c/506b6aa0eab8ea593b000009
He doesn't seem to like much, but I'll bet he loves Chapter 11. and no regulations...where else but in America can you buy a company for billions, blow it up and lose nothing personally??? I can see why you are so mad Sam. Maybe the employees and their ESOP should be the ones ranting....http://www.businessinsider.com/c/506b66a1ecad04747f000006Ben TuckerTue, 02 Oct 2012 18:11:45 -0400http://www.businessinsider.com/c/506b66a1ecad04747f000006
I'm so glad we have those people who know "about what's good for everybody." I'd be so lost without them.http://www.businessinsider.com/c/506b64d76bb3f78857000001RayTue, 02 Oct 2012 18:04:07 -0400http://www.businessinsider.com/c/506b64d76bb3f78857000001
Um...Case Shiller is a 3month lagging index.http://www.businessinsider.com/c/506b61e369bedddf54000002CharlieTue, 02 Oct 2012 17:51:31 -0400http://www.businessinsider.com/c/506b61e369bedddf54000002
He knows what all the rich in America know...How to socialize the cost and privatize the profit...How to grab the credit and shift the blame...How to live off of others while claiming to be a self made man. SSDD.http://www.businessinsider.com/c/506b60d6ecad04c276000006john1066Tue, 02 Oct 2012 17:47:02 -0400http://www.businessinsider.com/c/506b60d6ecad04c276000006
The top 400 hold 1/8 of all the wealth in the USA. If they where all to put their money in the Bank like he suggests it would crash the economy.
Now he and his ultra rich buddies would have a problem with bank runs. Their money would be the first to go as everyone else grabbed their money and ran.
Funny how when one really looks at it the ultra rich have their power because folks let them have it.
They relay on smoke and mirrors.http://www.businessinsider.com/c/506b5fb169beddbb51000001Fritz PfisterTue, 02 Oct 2012 17:42:09 -0400http://www.businessinsider.com/c/506b5fb169beddbb51000001
"Private sector is growing in line with historical standards". Joe you flaming lib, I'll take a double of whatever you're drinking. This is the worst recovery by any standard. Does the economy have to implode before you admit the Obama policy is crushing any comeback? The 23 million un/underemployed thank you for your compassion. Obama is an anti-capitalist and will NEVER allow the private sector out from under the thumb of central planners till he gets his skim off the top Chicago style.http://www.businessinsider.com/c/506b5b3d6bb3f70c46000003Michael SilvaTue, 02 Oct 2012 17:23:09 -0400http://www.businessinsider.com/c/506b5b3d6bb3f70c46000003
No, because we can still throw them out in the regular garbage. Plus, the manufacture I work for is a leader in the "green" movement since the 90,s and haven’t used asbestos in their pads for years. And if the rotors did have asbestos, we would have to dispose of them with documentation. It’s more of the same thing we deal with all the time, one of the many hands doesn’t do or follow what the others do. Therefore, you spend more time and money trying to appease everyone and the cost get passed on to the consumer.
Now, I’m not saying I want to dump oil in the streams or throw tires in vacant lots, just give us common sense regulations. Like oil, did you know that before recyclers used to pay dealers for their used oil? But, now because of federal laws about hazardous waste, we are now charged for our used and we have to pass it on the cost to customers. Just saying.http://www.businessinsider.com/c/506b57146bb3f75f3d000009yieldpigTue, 02 Oct 2012 17:05:24 -0400http://www.businessinsider.com/c/506b57146bb3f75f3d000009
Youe tell 'em...Papa Smurf!http://www.businessinsider.com/c/506b5483ecad04d160000009Printus MaximusTue, 02 Oct 2012 16:54:27 -0400http://www.businessinsider.com/c/506b5483ecad04d160000009
Your brake rotor problem in all likelihood is due to the use of asbestos brake pads. I would bet that used rotors would also be classified as hazardous waste but because of their steel to asbestos ratio is much lower. I would also bet the the asbestos to steel ratio in the shavings is 1000% to 2000% higher than in a disposed rotor.
I believe the US is slated to ban asbestos brake pads in 2015. But as you state, law makers spend more attention on new laws than old laws, so I wouldn't hold my breath about changing the disposal regulations. There may even be a disposal lobby which will claim metal/ceramic brake pads pose the same issue.http://www.businessinsider.com/c/506b528369bedd6b2c000003jsreillyTue, 02 Oct 2012 16:45:55 -0400http://www.businessinsider.com/c/506b528369bedd6b2c000003
It's not about selling anything at that point, it's about power. If that scenario comes into being, they switch from being CEOs to feudal lords, which is exactly what they want.http://www.businessinsider.com/c/506b4fcb69beddf325000015BrutusTue, 02 Oct 2012 16:34:19 -0400http://www.businessinsider.com/c/506b4fcb69beddf325000015
Haha of course. My mistake. I forgot how simple it is to "create" jobs when you don't have to worry about a bottom line because you have the rest of the population as your tax paying serfs.http://www.businessinsider.com/c/506b4de569bedd892000000ePrintus MaximusTue, 02 Oct 2012 16:26:13 -0400http://www.businessinsider.com/c/506b4de569bedd892000000e
In all fairness, he didn't say GW was a "good" business leader, just a business leader.
By the same reasoning, Romney may be a job creator, just not a "net" job creator.http://www.businessinsider.com/c/506b4cfe69bedd9620000006Printus MaximusTue, 02 Oct 2012 16:22:22 -0400http://www.businessinsider.com/c/506b4cfe69bedd9620000006
Ah. But maintaining the status quo is very expensive. Just ask Nero.
(Or Blankenstein)http://www.businessinsider.com/c/506b4c2669bedd312000000fPrintus MaximusTue, 02 Oct 2012 16:18:46 -0400http://www.businessinsider.com/c/506b4c2669bedd312000000f
"If anyone in your family started a business and passed away, you'd know the tax burden is astronomical on the remaining kin."
But surely your over-achieving kin would have the smarts to create their own businesses and buy back the old family business if they so desired.http://www.businessinsider.com/c/506b4bfdeab8ea3a71000005save_the_rustbeltTue, 02 Oct 2012 16:18:05 -0400http://www.businessinsider.com/c/506b4bfdeab8ea3a71000005
My wife, a (real) conservative Republican, summed up Romney very concisely.
"He wants to make rich people richer by destroying the middle class."
Vote "none of the above" this year.http://www.businessinsider.com/c/506b4ab6ecad04264d000002Printus MaximusTue, 02 Oct 2012 16:12:38 -0400http://www.businessinsider.com/c/506b4ab6ecad04264d000002
Really??
Have you checked the growth and size of the federal government under Obama?
I would dare say Obama currently has more employees than Zell ever will.
Now, if you had said productive employees .....http://www.businessinsider.com/c/506b49e36bb3f71325000005WHRTue, 02 Oct 2012 16:09:07 -0400http://www.businessinsider.com/c/506b49e36bb3f71325000005
yes but he is stimulating the legal profession. The Tribune bankruptcy has set a record for the amount of legal fees billed!http://www.businessinsider.com/c/506b4900ecad040d4b000001adubsTue, 02 Oct 2012 16:05:20 -0400http://www.businessinsider.com/c/506b4900ecad040d4b000001
And for the sake of the revolution I hope Romney wins. Because he'll rip out every last bit of safety net and any remaining socialist program like Obama care and social security for the sake of 'personal responsibility' in America. And then finally we can watch the system burn to the ground when the destitute realize that waiting for a lottery win isn't enough. No really. I'm looking forward to Capitalism's bitter end. Romney will definitely bring it sooner. He's my man!http://www.businessinsider.com/c/506b4672ecad04424200001fDrewTue, 02 Oct 2012 15:54:26 -0400http://www.businessinsider.com/c/506b4672ecad04424200001f
"I could literally put my money into the bank and play golf every day. God forbid, but I could do that. instead, I'm taking risks every day. Why? Why should I if the game is being stacked against me?"
Contradiction much? Things are soooooo awful for him and his kind yet instead, he's taking risks everyday. How can anyone not see that all of this whining and complaining has nothing to do with the economy or jobs and everything to do with guys like this wanting to pay less taxes and increase profits that are slightly hurt by some regulations, most of which are to protect consumers/the environment (there are some absurd, useless regulations, no doubt. That's a reason to get rid of those select few, not let businesses do whatever they want without regard for the negative externalities of their actions).
You think if Obama wins a 2nd term, this guy is going to just pack up shop? You've gotta be kidding me. And even if he did, so what? Someone else will step into and take advantage of opportunities left on the table by others.
So 2 main points here. #1 These people are lying about exiting the economy if they pay 4% more in taxes next year. #2 The vast majority of these people are not irreplacable, they just think they are.http://www.businessinsider.com/c/506b45eeeab8ead56200000cLucius ModernusTue, 02 Oct 2012 15:52:14 -0400http://www.businessinsider.com/c/506b45eeeab8ead56200000c
agreed, and nicely worded.http://www.businessinsider.com/c/506b42416bb3f7941300003fGary AndersonTue, 02 Oct 2012 15:36:33 -0400http://www.businessinsider.com/c/506b42416bb3f7941300003f
Keep him in his cage. Unleashing him would not be wise.
He has access to capital markets. We all know the small businessman doesn't. We know the housing bubble in Phoenix is a bubble.
Hey, Joe, Robert Shiller just said that you should not stay in the Phoenix housing bubble for long. The 1 percent is buying up the city, and it is not sustainable according to Shiller. That is a scoop!http://www.businessinsider.com/c/506b419f69bedde701000014BrutusTue, 02 Oct 2012 15:33:51 -0400http://www.businessinsider.com/c/506b419f69bedde701000014
What idiots like you don't understand is that this inflation route our Fed/President/House/Senate/Municipalities/States plans on continuing indefinitely will raise prices so you can make $20/hour but your goods will cost $30. If you want to show the 1%, demand they stop printing. Only the 99% is hurt by inflation, since the 1% just sees an increase in their net worth due to asset inflation.http://www.businessinsider.com/c/506b409569bedd7002000002CharlesTue, 02 Oct 2012 15:29:25 -0400http://www.businessinsider.com/c/506b409569bedd7002000002
Joe Weisenthal...can I assume you'll be voting for Obama? I hope you don't consider yourself objective, because you are one of the most parisan writers I have ever had the misfortune of reading.http://www.businessinsider.com/c/506b3d80eab8eac351000010trecerTue, 02 Oct 2012 15:16:16 -0400http://www.businessinsider.com/c/506b3d80eab8eac351000010
Notice Zell says he "could" just put his money away and relax. But he's not doing that. Why? Because this economy has literally unleashed the billionaires by lowering their taxes and greatly expanding their equity investment opportunities. Their stocks have shot skyward for the last several decades. The world is their play ground. Zell clamoring to be unleashed is like the lion you just set free coming back and roaring to be returned to his cage.http://www.businessinsider.com/c/506b3d0ceab8ea6552000001gymbotheclownTue, 02 Oct 2012 15:14:20 -0400http://www.businessinsider.com/c/506b3d0ceab8ea6552000001
Why is it that the main criticism of Zell and his ilk is not of Obama's specific policies or the substance of his actions, but of the President's rhetoric? Could it be because they are a bunch of cry-babies? Not content with exponentially outpacing the middle class's growth in financial wealth, douchey guys like Zell and Cooperman want to be labelled heroes too! Must be frustrating for them to realize money isn't buying them respect or control over at least one politician in Barack Obama. The only class warfare being waged is by this small group of mostly wall street/ finance/ Vegas billionaires who hate the idea that the rest of us might get a chance to succeed in life.http://www.businessinsider.com/c/506b3c3269bedd3d72000016BrutusTue, 02 Oct 2012 15:10:42 -0400http://www.businessinsider.com/c/506b3c3269bedd3d72000016
You do know a death tax exists right? If anyone in your family started a business and passed away, you'd know the tax burden is astronomical on the remaining kin.
I also know that our president doesn't believe (in his own words) that business owners didn't build their business. Can we at least take him at his word or is that just another attempt by racists to conspire against a black man?http://www.businessinsider.com/c/506b3b83ecad046c32000005BrutusTue, 02 Oct 2012 15:07:47 -0400http://www.businessinsider.com/c/506b3b83ecad046c32000005
I'm sure he knew exactly what he was doing. I've simply said debt, according to Mr. Weisenthal is how governments, people and corporations prosper. Or is it just government. Only government is immune to the laws of economics? Like you said, its about supply and demand. If there is no demand for newspapers, bail them out! No demand for housing, bail out the homeowner! They should have bailed out the candlemakers when Edison came along too right?
Are we using today's political spectrum as the standard of far right, or the political spectrum the Founders used? I have chosen not to listen to Bill O'Reilly/Rachel Maddow soundbites about far right being fascist, and instead have adopted, tyranny in all forms as far left, and anarchy being far right. By that standard I wouldn't want to be liked at either extreme, so thank you?
I know Mr. Zell has employed more people than our current president. If not for entrepreneurs, who creates jobs? The president? The Fed chairman?http://www.businessinsider.com/c/506b3adaecad04bc2c000009artful dodgerTue, 02 Oct 2012 15:04:58 -0400http://www.businessinsider.com/c/506b3adaecad04bc2c000009
We already had a CEO as president... George W. Bush!!
He was the CEO of a Texas-based oil exploration company called Spectrum 7. He also was the managing director of the Texas Rangers. So.... How'd that work out for ya? Sure, there was a lot of growth and the stock market hit record highs... until everyone found out that it was all based on lies.http://www.businessinsider.com/c/506b39dd6bb3f7cc03000013badbobTue, 02 Oct 2012 15:00:45 -0400http://www.businessinsider.com/c/506b39dd6bb3f7cc03000013
Bush was a business" leader"? Hell he failed at every business he was in. Why do you think he went into politics? He couldn't make it in the real world.http://www.businessinsider.com/c/506b398769bedd476c000017dknolaTue, 02 Oct 2012 14:59:19 -0400http://www.businessinsider.com/c/506b398769bedd476c000017
>>>>I mean, unleash the animal spirits of America. Unleash the small businessmen. Unleash people like me, okay?http://www.businessinsider.com/c/506b38f569beddc16b000003badbobTue, 02 Oct 2012 14:56:53 -0400http://www.businessinsider.com/c/506b38f569beddc16b000003
What these idiots like Zell don't understand is that if everybody in the world only made a $1 per hour, Zell and his 1%ers wouls also be broke because they wouldn't have anyone to sell to.http://www.businessinsider.com/c/506b37daecad04852900000ebadbobTue, 02 Oct 2012 14:52:10 -0400http://www.businessinsider.com/c/506b37daecad04852900000e
Just because a person knows how to make money for himself doesn't mean that he knows anything about what's good for everybody. In fact, in most cases it is the polar opposite.http://www.businessinsider.com/c/506b35d2eab8ea7b41000002Michael SilvaTue, 02 Oct 2012 14:43:30 -0400http://www.businessinsider.com/c/506b35d2eab8ea7b41000002
It’s seems odd that they seem to use it as a tool, but aren’t ashamed that 47% of our population is dependent upon the government. Now, I understand that there are those that can’t provide for themselves and as a compassionate society, we should do all that we can for those that can’t take care of themselves.
But, what about the others that just take the handout? What about how the welfare system discourages It seems that the Democrats and the media, most of the media, have been harping on the work? I know about that, because when I was going to school and you receive assistance, you couldn’t make over a certain amount. That makes people say, well, I live like this and loose what the government gives me, or, try to pay for everything on my own and hope for the best. So, in a way, he does make sense. When I was in that percentage, I didn’t want to stay there.
Being in the small business world, I see all of the burdens put on by the Feds, State and Local governments, all of which have their own “fees” and rules. Try keeping them all straight. Business is over burden with regulations that make no sense and here is one. We can through brake rotors into the garbage (we recycle) but, if we resurface the rotors, the metal shavings, the same ones we can through away whole, are now considered hazard waste-even though the metal hasn’t gone through any chemical change. No one can give me a reason why, so, we have to pay someone to collect the shavings, which is additional cost. Fees, you want fees, we have to have a license just to have an alarm system and the list goes on.
Lastly, this author and others at this site, always say they don’t know what Romney’s economic plan is, well if you go to Romney’s site, you’ll see what it is. Which is easier to find out about than Obama’s which requires you to register to enter and just wants cash. But, it doesn’t matter; we have seen what Obama’s economic policy is, really, nothing. He can’t even give Congress a budget.
If you continue to think that the government is the only answer to get us out of this mess, which we have been trying for the last 3 and a half years, then yes, you don’t want anyone else. But, we should try something else, Obama hasn’t gotten the job done, well, except for killing Bin Laden, which we heard at the convention and was one of the many reasons for the current attacks. Oh, wait, yes, Mr. Obama did say it was the video, my bad.
If you think the government taking from the rich and that they are going to give it to you, just look at the history of the world, especially how the USSR was.http://www.businessinsider.com/c/506b345569bedd0e60000012NKTue, 02 Oct 2012 14:37:09 -0400http://www.businessinsider.com/c/506b345569bedd0e60000012
And the alternative to Zell?
Obama and Biden. "When we were beginning to plan how we would try to get this economy out of a ditch — literally, the first guy I called was Jon Corzine."
Biden continues: "he is the smartest guy I know on the economy and on finance — and I really mean this."
I will take a chance with Romney and Zell.http://www.businessinsider.com/c/506b33f4eab8ea053c000002TheRexicanTue, 02 Oct 2012 14:35:32 -0400http://www.businessinsider.com/c/506b33f4eab8ea053c000002
We have tried "business" leaders in the White House twice before, this would make three. Let's look at how that works out, shall we?
Herbert Hoover: brought us the Great Depression
George W Bush: brought us the Great Recession (even though I still think it was a depression).
Willard M. Romney: ?
Business leaders FAIL as presidents because they excel at increasing shareholder wealth, not serving broader constituencies. The other failure is in time horizon. Business people want quick results and are not very concerned about 20 years from now.
The skill set for a president is antithetical to the skill set of a CEO. It sounds good on a bumper sticker but fails under scrutiny.http://www.businessinsider.com/c/506b331169bedd015d000008ManWhoSoldAMZNTue, 02 Oct 2012 14:31:45 -0400http://www.businessinsider.com/c/506b331169bedd015d000008
Nonsense article.
You should thank Sam Zell for speaking frankly about how the things work.
He is telling the truth, just firing Obama will unreash some frozen businesses.
BTW. you should not count government workers as the real employment.http://www.businessinsider.com/c/506b32516bb3f76975000017c smithTue, 02 Oct 2012 14:28:33 -0400http://www.businessinsider.com/c/506b32516bb3f76975000017
"And here's private sector vs. public sector GDP growth."
And what, exactly, is "public sector GDP"?
Government produces NOTHING which has not first been taken from the private sector. IOW, there IS NO SUCH THING as public sector GDP.http://www.businessinsider.com/c/506b2f51ecad04881a00000cJensenAlphaMaleTue, 02 Oct 2012 14:15:45 -0400http://www.businessinsider.com/c/506b2f51ecad04881a00000c
Joe Kernan looked straight Gangnam Style when Zell went off on his incoherant teabagger rant.http://www.businessinsider.com/c/506b2f4c6bb3f7ec70000002john1066Tue, 02 Oct 2012 14:15:40 -0400http://www.businessinsider.com/c/506b2f4c6bb3f7ec70000002
True. Folks should be forced to go it alone for health insurance.
That way the ultra rich that own most of the health care stocks can make huge amounts of money while most people just die.
How did the US get so backwards. Really health insurance as a motivators?
How about we just remove murder from the rule of law. Don't like something kill it. How's that for motivating people?
He is just one of the greedy ultra rich.http://www.businessinsider.com/c/506b2e7fecad04491a000009john1066Tue, 02 Oct 2012 14:12:15 -0400http://www.businessinsider.com/c/506b2e7fecad04491a000009
Sound bits?
How about Death Tax?
How about Trickle Down?
How about Job Creators?
The list goes on and on and the Republicans are very good and the quick and easy sound bite / bumper sicker.
Almost forgot...
Take a bath...
Get a job...
And stop being lazy....http://www.businessinsider.com/c/506b2dee6bb3f7a66c000009john1066Tue, 02 Oct 2012 14:09:50 -0400http://www.businessinsider.com/c/506b2dee6bb3f7a66c000009
No actually the ultra rich should just have 99% of the world working at $1 an hour. That would work perfectly for them. They get it all. Everyone else gets......http://www.businessinsider.com/c/506b2d4369bedd404e000009john1066Tue, 02 Oct 2012 14:06:59 -0400http://www.businessinsider.com/c/506b2d4369bedd404e000009
So then he bought a company and did not know the market it was in? Is that what you're saying?
So are you also saying he is not one of the Great and Loving Job Creators who can use their supply to magically create demand?
They are not going to like you at the far right wing parties with ideas like that.http://www.businessinsider.com/c/506b2b5569bedd1b47000054john1066Tue, 02 Oct 2012 13:58:45 -0400http://www.businessinsider.com/c/506b2b5569bedd1b47000054
Mr. Zell should just put his money in the bank. All of the ultra rich should just put their money in the bank. Please, please put all your billions in the bank.
Show the world how much power you have over everyone by putting all your money in the bank.
Don't threaten. Do it. Please do it.
The economy will then crash and you will lose most of your money. Folks will then see how much power very few people have over them. The ultra rich would not be able to hide then. The whole world would see who is actually running things.
Mr. Zell again I call on you to do exactly what you have threat to do. Put all your money in the bank. Do it. What are you chicken?
See a threat only works if the other side is actually fearful of the result. I am not. It would show everyone who that actually work for. It would show everyone who their work actually goes to.
It would show who is pulling the strings.
Again Mr. Zell.... DO IT.
Chicken.... Just like most of the ultra rich.http://www.businessinsider.com/c/506b281d69beddcd3f000015Bodine WebTue, 02 Oct 2012 13:45:01 -0400http://www.businessinsider.com/c/506b281d69beddcd3f000015
The reason small business are great for the economy is because , much like lower-middle class households, small businesses have to spend every dollar they take in. They also hire more employees than they need because they run on the hope that the business will grow. Without hope for growth all businesses, large and small, will only hire as many employees as is necessary to meet current demand.
Basically for small businesses hope = spending = debt.
IMHOhttp://www.businessinsider.com/c/506b26cb69bedd7f3c000011mtic2013Tue, 02 Oct 2012 13:39:23 -0400http://www.businessinsider.com/c/506b26cb69bedd7f3c000011
Well here is an idea !!....
Let put the "King of the liberals" Joe Weisenthal in charge !! I am sure that degree in government studies from some crap Texas college is just the knowledge we need to fix the American economy !!
Is every writer employed by Business Insider an Idiot ??
I hope all you BO supporters are happy in a year or two.....when Obama and his thieving buddies like Democratic Ex Senator Jon Corzine are done fleecing YOU !! And, you look around and those of us that had been paying all the taxes are LONG GONE !!http://www.businessinsider.com/c/506b2678ecad04ae0a000006Printus MaximusTue, 02 Oct 2012 13:38:00 -0400http://www.businessinsider.com/c/506b2678ecad04ae0a000006
"if you receive enough transfer payments to eek out a living why work?"
The problem is the cost of living in a developed country can not be supported by the wages of an undeveloped country. The 'earned' income tax credit was provided as a means to wean people off of full dependency, but apparently this still irks the Mitt Romneys of the world since this results in some wage earners not paying any income taxes. I guess they would prefer these under-achievers live in open-window cinder-block houses earning a living reclaiming the lead from discarded electronics over an open flame.http://www.businessinsider.com/c/506b25e9ecad04a608000014TDTue, 02 Oct 2012 13:35:37 -0400http://www.businessinsider.com/c/506b25e9ecad04a608000014
Sam Zell thinks the deck is stacked against him? How does he think non billionaires feel?http://www.businessinsider.com/c/506b25b3ecad044a06000006HypocritesTue, 02 Oct 2012 13:34:43 -0400http://www.businessinsider.com/c/506b25b3ecad044a06000006
A world they screwed up for generations.http://www.businessinsider.com/c/506b259169beddf439000003hisgirlfridayTue, 02 Oct 2012 13:34:09 -0400http://www.businessinsider.com/c/506b259169beddf439000003
If Zell invested in a company/industry that was such a lemon, then doesn't that reflect on his business sense?
But yes, Tribune was going downhill thanks to market conditions when he bought the company. It's just that his levering it up with all that debt so he could acquire it and then putting Clear Channel idiots in charge of things that sent it rolling inexorably faster downhill and made its bankruptcy that much worse.http://www.businessinsider.com/c/506b256d6bb3f7465f000004Katmandoo122Tue, 02 Oct 2012 13:33:33 -0400http://www.businessinsider.com/c/506b256d6bb3f7465f000004
"He even thinks that universal healthcare is discouraging success, because if you have healthcare paid for already, wy try?"
I found this paragraph about trying to be ironically funny.http://www.businessinsider.com/c/506b230169beddb03300000bBrutusTue, 02 Oct 2012 13:23:13 -0400http://www.businessinsider.com/c/506b230169beddb03300000b
According to Obama and Bernanke, piling on debt is exactly how to grow.http://www.businessinsider.com/c/506b22de6bb3f7d65a000004Dude, You're Gettin' a ZellTue, 02 Oct 2012 13:22:38 -0400http://www.businessinsider.com/c/506b22de6bb3f7d65a000004
There is a fair amount of truth in the assertion the various gov't programs have de-incentivized work for many low-income Americans over the last several decades.
It just seems bad form to hear it from a billionaire, at a time when the economy is genuinely not generating enough decent jobs for people who truly wish to work.http://www.businessinsider.com/c/506b21e5eab8ea940f00000aUnemployed MimeTue, 02 Oct 2012 13:18:29 -0400http://www.businessinsider.com/c/506b21e5eab8ea940f00000a
Perhaps the structure of the Chicago Tribune ESOP, which Zell was responsible for, and which loaded-up the company with debt, also played some teeny role in the company's bankruptcy.
Just sayin'.http://www.businessinsider.com/c/506b216269bedd8a30000008BrutusTue, 02 Oct 2012 13:16:18 -0400http://www.businessinsider.com/c/506b216269bedd8a30000008
Play the Obama soundbite one more time so you can write it word for word that no individual ever created anything. Being smart is minor compared to focus, hard work, and vision. I'm sure you'd know that since you started your own successful business though.http://www.businessinsider.com/c/506b20616bb3f74154000008BrutusTue, 02 Oct 2012 13:12:01 -0400http://www.businessinsider.com/c/506b20616bb3f74154000008
People wanting/being able to access news in real time with the internet had nothing to do with the Tribune going under? Who should we blame when the NY Times goes under?
Zell is an example of one of those evil capitalists who the not-so-successful will target when their purchasing power is completely destroyed by Mr. Weisenthal's beloved Keynesian printing/spending policies. It happened in Rome, France and Germany. Coming to America soon!http://www.businessinsider.com/c/506b205beab8eac30c00000bWright WingnuttTue, 02 Oct 2012 13:11:55 -0400http://www.businessinsider.com/c/506b205beab8eac30c00000b
He must know what he's talking about because only smart people get rich. And we're all motivated only by money, so anyone who's not a billionaire and doesn't give a rat's ass about being a billionaire - oops, excuse me - "job creator" is clearly part of the 47% who just want to suckle at the teet of the successful.
Thanks Sam. Now GFY.http://www.businessinsider.com/c/506b1edf69bedd4a2b000002brawndonomicsTue, 02 Oct 2012 13:05:35 -0400http://www.businessinsider.com/c/506b1edf69bedd4a2b000002
i think sam zell is a scumbag but he does have some valid points about incentive and disincentives - if you receive enough transfer payments to eek out a living why work? look at the dolebirds in ireland as an example of the path we are following in that respect -
to the rest of it, in my view, the point he can't grasp to communicate is that the rule of law has broken down - the rules are changing on a month to month basis - would you participate in a poker game where when you thought you had won and showed your cards the dealer changed the rules?http://www.businessinsider.com/c/506b1de5ecad04d379000001Alternate ViewTue, 02 Oct 2012 13:01:25 -0400http://www.businessinsider.com/c/506b1de5ecad04d379000001
Wow. What a coincidence. Here we have an extremely low interest rate environment that enables businesses to borrow cheaply to finance capital and software expenditures to minimize the need for labor, and at the same time, the environment for jobs is really bad. And, medical insurance costs continue to way outperform general inflation so that future labor costs will be higher than ever. And you can substitute low cost capital and software for labor, and employment is pathetic. What a coincidence. I know what to do. Lets pledge ZIRP and QE forever. Then we can keep the whole thing going. ANd if we pledge that until employment picks up, which ZIRP actually inhibits, then it will truly be ZIRP and QE forever.http://www.businessinsider.com/c/506b1db0ecad04977500002eLynnTue, 02 Oct 2012 13:00:32 -0400http://www.businessinsider.com/c/506b1db0ecad04977500002e
I truly thought there wasn't anything Sam Zell could say that would make him look like more of an a**hole that I already think he is...ha! I think CNBC demeans itself by having Trump on the air and acting like they take him seriously and I think Sam Zell has now put himself in that category.http://www.businessinsider.com/c/506b1c2deab8eaa104000002hisgirlfridayTue, 02 Oct 2012 12:54:05 -0400http://www.businessinsider.com/c/506b1c2deab8eaa104000002
How can anyone take ANYTHING this man has to say about finances seriously after what this clown did to the Tribune Company with his levering it up with debt so he could buy it and putting it into bankruptcy longer than Zell actually had control over it?http://www.businessinsider.com/c/506b1be069beddde24000002GusSentTue, 02 Oct 2012 12:52:48 -0400http://www.businessinsider.com/c/506b1be069beddde24000002
We saw what happened with an unleashed Zell a few years back, with the Tribune Co.http://www.businessinsider.com/c/506b1bdbeab8ea4004000001PatrickTue, 02 Oct 2012 12:52:43 -0400http://www.businessinsider.com/c/506b1bdbeab8ea4004000001
Yeah! Sam Zell is just an idiot billionaire! What does he know?!?!!?!http://www.businessinsider.com/c/506b1aa5ecad044871000004tdegiulioTue, 02 Oct 2012 12:47:33 -0400http://www.businessinsider.com/c/506b1aa5ecad044871000004
Listen to Sam Zell, and you'll hear a highly partisan view of the world.